In contrast, Goodyear's net profit declined 43.29% to US$1.31 million or US$0.03 per share from US$2.31 million or US$0.06 per share.

Operating profit fell 41.03% to US$1.94 million from US$3.29 million on the back of a 30.34% increase in cost of goods sales of 30.34% to US$51.38 million from US$39.42 million. Goodyear posted a 24.09% increase in net sales to US$55.83 million from US$44.99 million.